NEAR Co-Founder Says Centralized Exchanges Will Become Less Necessary Over Time
(3 hours ago) · 1 source · Summarized by CryptoBipto
NEAR Protocol co-founder Illia Polosukhin has stated that the need for centralized cryptocurrency exchanges is diminishing as on-chain tools and decentralized alternatives continue to improve. He argues that expanding blockchain-native infrastructure is making it increasingly possible for users to trade, swap, and manage assets without relying on centralized intermediaries.
WHY IT MATTERS
When you buy or sell cryptocurrency today, you most likely use a centralized exchange — think of it like a traditional stock brokerage that holds your assets for you. A decentralized exchange, by contrast, is more like a peer-to-peer marketplace where you keep control of your own funds the entire time. The co-founder of NEAR Protocol is arguing that these peer-to-peer tools are getting good enough that the middleman — the centralized exchange — may become less important over time. For beginners, this matters because it touches on a core idea in crypto: whether people will eventually be able to manage their own finances without needing to trust a company to hold their money.
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- theblock.co
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